Apogee Enterprises (NASDAQ:APOG) Releases Earnings Results, Beats Estimates By $0.17 EPS

Apogee Enterprises (NASDAQ:APOG) announced its quarterly earnings data on Thursday. The industrial products company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.17, Briefing.com reports. The business had revenue of $361.80 million during the quarter, compared to the consensus estimate of $337.84 million. Apogee Enterprises had a return on equity of 23.47% and a net margin of 7.44%. Apogee Enterprises’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.86 EPS. Apogee Enterprises updated its FY 2025 guidance to 4.350-4.750 EPS and its FY25 guidance to $4.35-4.75 EPS.

Apogee Enterprises Trading Up 7.0 %

APOG opened at $59.84 on Friday. The company has a market cap of $1.32 billion, a P/E ratio of 12.70 and a beta of 1.10. The company has a current ratio of 1.57, a quick ratio of 1.28 and a debt-to-equity ratio of 0.22. The company’s 50 day moving average is $57.13 and its 200-day moving average is $51.64. Apogee Enterprises has a 1-year low of $36.62 and a 1-year high of $62.99.

Hedge Funds Weigh In On Apogee Enterprises

A number of institutional investors have recently added to or reduced their stakes in the stock. Captrust Financial Advisors grew its stake in shares of Apogee Enterprises by 79.2% during the first quarter. Captrust Financial Advisors now owns 2,090 shares of the industrial products company’s stock worth $99,000 after buying an additional 924 shares during the last quarter. Engineers Gate Manager LP grew its position in Apogee Enterprises by 4.0% during the 1st quarter. Engineers Gate Manager LP now owns 17,912 shares of the industrial products company’s stock worth $850,000 after acquiring an additional 689 shares during the last quarter. Invesco Ltd. increased its holdings in Apogee Enterprises by 5.4% in the 1st quarter. Invesco Ltd. now owns 157,623 shares of the industrial products company’s stock worth $7,481,000 after purchasing an additional 8,078 shares in the last quarter. Hsbc Holdings PLC raised its position in Apogee Enterprises by 49.2% in the first quarter. Hsbc Holdings PLC now owns 8,281 shares of the industrial products company’s stock valued at $398,000 after purchasing an additional 2,730 shares during the last quarter. Finally, Stonebridge Capital Advisors LLC acquired a new stake in shares of Apogee Enterprises during the first quarter valued at about $47,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Apogee Enterprises Company Profile

Apogee Enterprises, Inc designs and develops glass and metal products and services in the United States, Canada, and Brazil. The company operates in four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical Technologies (LSO). The Architectural Framing Systems segment designs, engineers, fabricates, and installs custom glass and aluminum windows, curtainwalls, storefront, and entrance systems for the exterior of buildings primarily in the commercial, institutional, and multi-family residential construction sectors.